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Pak panel clears MFN status to India

world Updated: Jan 12, 2012 00:43 IST

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A Pakistani parliamentary panel has endorsed the government's decision to grant Most Favoured Nation (MFN) status to India, a leap forward in boosting sub-continental trade ties. The Kashmir Committee - headed by Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rahman - took the decision here on Tuesday after the commerce ministry briefed it, the Daily Times reported on Wednesday.

Rahman said the committee was happy that the grant of MFN status would not have any adverse affect on Pakistan's stand on Kashmir. Commerce minister Amin Fahim said at the meeting that giving MFN status to India was a continuation of the agreements which were cancelled due to the 1965 war.

He said that from 1948 to 1965, Pakistan and India treated each other equally in trade relations and no one objected to it until 1965 when the process halted due to war.